Steepfund LLC is a hedge fund based in Sheridan, Wyoming. According to its most recent Form D, filed Feb 10, 2025, the fund has sold $420,000 of interests to 3 investors since its first sale in Feb 2025. The minimum investment it accepts from an outside investor is $100,000. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Robert Heisler; Timothy Walley; Jack Heisler.
Performance
No verified returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to AltMountain directly.
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- Total raised
- $420,000Cumulative sales reported on Form D
- Investors
- 3
- First sale
- Feb 1, 2025
- Minimum investment
- $100,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Net asset value range
- $1 - $5,000,000Self-reported
- Key people and entities
- Robert Heisler; Timothy Walley; Jack Heisler
- Latest Form D
- Feb 10, 2025
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Steepfund LLC
What is the minimum investment for Steepfund LLC?
According to its latest Form D, filed Feb 10, 2025, the minimum investment Steepfund LLC accepts from an outside investor is $100,000.
Who can invest in Steepfund LLC?
Steepfund LLC is generally open only to investors who meet the eligibility rules in its offering documents. It uses Rule 506(c), so it may advertise, but every investor must be verified as accredited.
How much has Steepfund LLC raised?
Steepfund LLC reports $420,000 sold from 3 investors on its Form D filed Feb 10, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Steepfund LLC based?
Steepfund LLC is based in Sheridan, Wyoming.
When did Steepfund LLC launch?
Steepfund LLC reports its first sale in Feb 2025, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every hedge fund
Raised more than 37% of the 41 hedge funds based in Wyoming, and more than 3% of all 10,308 that report sales.